Bradley Foster & Sargent Inc. CT Boosts Stake in Cameco Co. (NYSE:CCJ)

Bradley Foster & Sargent Inc. CT lifted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,205 shares of the basic materials company’s stock after purchasing an additional 2,347 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Cameco were worth $2,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Cameco by 1.3% in the first quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock worth $689,306,000 after acquiring an additional 200,871 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cameco by 2.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,711,154 shares of the basic materials company’s stock worth $593,967,000 after acquiring an additional 288,400 shares during the period. Capital World Investors grew its holdings in shares of Cameco by 1.6% in the first quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock worth $593,524,000 after acquiring an additional 215,741 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Cameco by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock worth $282,210,000 after acquiring an additional 202,157 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in Cameco by 6.8% during the second quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock valued at $204,672,000 after purchasing an additional 265,196 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 7th. Bank of America boosted their price target on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Finally, Scotiabank dropped their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco currently has an average rating of “Buy” and an average price target of $67.25.

Cameco Price Performance

NYSE:CCJ opened at $40.12 on Thursday. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $17.46 billion, a P/E ratio of 102.87 and a beta of 0.90. Cameco Co. has a 12 month low of $35.18 and a 12 month high of $56.24. The business’s 50-day moving average is $42.18 and its 200 day moving average is $46.49.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The company had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) earnings per share. On average, equities research analysts forecast that Cameco Co. will post 0.96 earnings per share for the current fiscal year.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.